Venezuela, an oil-rich country that was once amongst the most prosperous countries in the Latin American region, is now in a state of economic and political chaos. Venezuela’s socialist leaders – first, Hugo Chávez and then his successor, Nicolas Maduro - have turned the country into an economic basket case because of their gross mismanagement, corruption and destructive economic policies. The inflation rate could reach an unheard of 10 million percent in 2019. There is a humanitarian crisis of monumental proportions, with the country’s population suffering from severe hunger and an urgent health crisis. Millions of Venezuelans have fled the country. Amidst all this chaos, Maduro was sworn in as president for a second term two weeks ago following an “election” last year that many inside and outside of the country believe was rigged.

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